Middle East ETF News Older than One Year
MIDEAST STOCKS-Signs that pressure on Saudi market may start easing
November 9, 2017--The Saudi stock index closed marginally higher on Wednesday only because state-linked funds bought shares in an effort to avert a panic
Gulf stock markets may stay under pressure on Thursday because of concern about the impact of Saudi Arabia's anti-corruption probe, but there are some signs that selling in the Saudi bourse could begin to ease.
Source: Zawya.com
Middle East bond sell-off widens on Saudi, Lebanese tensions
November 8, 2017--Saudi bonds fall across curve, Lebanon 2020 lowest on record
A sell-off in Middle Eastern bond markets escalated on Wednesday with debt prices in Saudi Arabia, Bahrain and Lebanon all touching long-term lows following Saudi Arabia's anti-graft purge and government turmoil in Lebanon.
Source: Zawya.com
Rich Saudis dump stocks, jitters spread through region
November 7, 2017--Wealthy Saudi Arabian individual investors dumped stocks on Tuesday as jitters over the kingdom's anti-corruption probe spread through the Gulf, pushing down every major market.
Source: Zawya.com
Bahrain in tenuous position as foreign reserves dip to alarming levels
November 2, 2017--Bahrain has asked Gulf Arab allies for financial assistance as it seeks to replenish its foreign-exchange reserves and avert a currency devaluation that could reverberate across the region, according to people with knowledge of the talks.
Source: Ameinfo.com
DGCX Volumes grow in Currencies and Stock Futures in October
November 2, 2017--The month of October opened on a volatile note with geopolitical tensions in Europe, the US, and Asia, which led investors and traders to increasingly turn to derivative instruments to hedge and mitigate the impact of volatility.
The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment.
Source: Dubai Gold and Commodities Exchange (DGCX)
Dubai DGCX volumes grow in currencies and stock futures in October
November 2, 2017--DGCX's G6 Currency portfolio continued its strong growth trajectory seen in recent months, recording a 225% year-on-year increase.
The Dubai Gold & Commodities Exchange (DGCX) witnessed increased trading volumes in its G6 currencies and Indian SSF as traders sought protection from increasingly erratic sentiment.
Source: Zawya.com
Average yields fall on Egypt's six-month, one-year T-bills
November 2, 2017--The yield on the 182-day bill fell to 18.467% from 18.701% at the last similar auction
Source: Zawya.com
MIDEAST STOCKS-Gulf sluggish, blue chips lift Egypt
November 2, 2017--Gulf markets remained sluggish on Thursday despite activity in Dubai's Emaar Properties after its local property development arm set an indicative price range for its initial public offering (IPO) while a couple of blue chips boosted Egypt.
Source: Zawya.com
MIDEAST STOCKS-Gulf stays sluggish but Saudi's PetroRabigh surges on strong results
October 31, 2017--Saudi Arabia's stock market stayed soft in early trade on Tuesday despite a big rebound by petrochemical company PetroRabigh, while real estate-related shares again weighed on Dubai.
Source: Zawya.com
New UAE investment law to come into effect by early 2018
October 30, 2017--The final draft of the landmark law is awaiting the UAE Federal National Council approval.
The long-awaited UAE investment law, which seeks to allow more than 49 per cent ownership to foreign investors in some specific business sectors, is expected to be introduced in the first quarter of 2018, Sultan bin Saeed Al Mansouri, Minister of Economy, said on Monday.
Source: Zawya.com
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